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I'm American and of the Americans I know who traveled longterm or lived abroad, or traveled for free or on a budget:
Of the above, if they have student loans that they are paying off, they usually don't travel longterm anywhere. The lifestyle requires little to no debt.
ETA: Thinking of a few more,, one already mentioned by PP:
Most people I've met that travel a lot are just wealthy.
Ding ding ding. In the American work culture the only way to travel a lot is to be ok with not having a job and travel very frugally, or start out with enough money it doesn't matter.
If you're the former, one tip I would give is to pick somewhere to go where the USD is very strong like northern Africa or parts of South America.
Without exception, whenever people have told me that they can afford to travel a lot because their job is trading crypto or vlogging or some shit, the reality is that they inherited heaps of money or sold the family farm or whatever.
I'm sure there are a few vloggers who make enough to just keep travelling but those are extraordinarily few.
I guess things have changed in the last several years - being a digital nomad is actually pretty viable now for a number of professions. That said you tend to stay in the same place for a year or so at a time just because that keeps costs down. Also even digital nomads need a work environment - internet and a desk big enough for more than a cup of coffee. These things can be harder to find than you'd realise.